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PSC approves cost recovery amounts for Progress

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 The Florida Public Service Commission (PSC) today addressed issues for Progress Energy Florida remaining from its annual cost recovery hearing held on Nov. 2-3.

Progress’s request to recover replacement power costs for its Crystal River 3 nuclear plant outage through the fuel adjustment clause was approved, subject to refund, and the Commission also approved environmental recovery costs for the utility’s self-generated replacement power resulting from the extended outage.

At the hearing earlier this month, the PSC deferred a decision on Progress’s 2012 cost recovery amounts to allow time for all parties to file comments on the utility’s nuclear plant replacement fuel costs.  A separate hearing is scheduled for June 11, 2012, to determine whether Progress's decisions on, or associated with, the nuclear plant's steam generator repairs leading up to the Oct. 2, 2009, delamination and resulting outage were reasonable and prudent.

For additional information, visit www.floridapsc.com. Follow the PSC on Twitter at @floridapsc.